Green Loans

The Tango electric car may not look like it at first glance, but it basically a high end electric sports car. The Tango is a low profile car…turned 90 degrees. The design takes advantage of battery weight to provide a low center of gravity that works better than it looks. This is particularly effective considering a lead acid battery pack only 11 inches off of the ground.

The Tango uses 2-9″ DC motors to provide forward thrust, and thrust it does. The car does well at the drag strip and has beat the Tesla Roadster to the finish line by up to a few tenths of a second. It will hit 60 mph is around 4 seconds. The Tango may do well at the strip, but it seems unlikely that it could follow the Tesla around rally course for long.

In other performance specs, a top speed over 170 mph can be had. A range of 150 miles is listed with the Li-Ion battery pack. This 49 kWh energy storage unit will run the owner around ,000 per kWh or ,000.

The Tango may be quick, but it is not too efficient. It uses over 300 watt hr/mile; about a third less than the Tesla Roadster. The Tango weighs more, and is less streamlined than the Roadster.

One of the other outstanding characteristics of the Tango EV is the price. The car retails for somewhere around 0,000 depending on the battery pack. Get ready to put ,000 down to hold one. No problem for those with the cash.

If the buyer decides to finance the thin car, the payments will be something like those for a house. Here is an example of possible payments:

Tango Model T600 Electric Car:

Down payment: ,000

Loan Amount: 0,000

Car loan interest rate: 6.81%

Loan Period in Months: 48

Monthly Payment: ,385

Same loan over 5 years:

,971

And over 7 years:

,695

Add in the , 000 – 49 KWh battery pack and your monthly payments look something like this:

48 months – ,340

60 months – ,759

72 months – ,374

If you are interested, the manufacturer of the Tango electric car is taking orders. Contact Commutercars.com for the forms.

Being in real estate investment business for quiet a long time, I have heard a lot questions about how to get a hard money loan and what the basic criteria are.

These people always talk about their personal background and they basically believe that like other loans, hard money loans are also based upon the individual.

But let me clear this once and for all, that hard money loans are based upon the asset or property you are trying to get a loan for. If you have found a good property, which has all the factors going in its favor, then you will get a hard money loan. No matter what your credit or job history is.

People spend so much time in talking to different lenders and asking them about the pros and cons of getting a hard money loan. But they never care about going out and finding a good deal, which is the FIRST and BASIC step in moving towards getting a hard money loan.

I have written quite a few books on hard money lending business and I have talked about the basic rules of this business. The fundamental rule of this business is to have a good deal and if you have that then finding money is easy. But if you don’t, then it is important that you spend some time in finding one, rather than wasting time talking to people.

If you think you have found a good deal but you aren’t able to get financing on that, then there are chances that it isn’t a good deal. You need some experienced people to tell you, whether it’s a good deal or not.

A common mistake, which most of the people make is that they get emotional about a particular property. This usually happens with the first deal. They are too excited and they feel that they couldn’t find a better deal than this. But when a third party or evaluators checks it, the property turns out to be pretty dubious.

So, please don’t get attached to a property emotionally. Think wisely before getting a property under contract.

A lot of people find it very difficult to search a good hard money lender. The first place to look for them is Google. Just type in the keyword “hard money lenders” or “hard money loans” and you can get a list of lenders. Double check, if they are operating in the area your property is located or not.

You can choose few of them after looking at their requirements and call them up. You need to figure out, whether they are lending based upon the property or individual. You can ask them a few questions like if they require monthly payments or if they will check your credit or job history.

If they say they will need all these things, then they are not true hard money lenders because true lenders prefer to talk about the property and try to evaluate, whether it’s a good deal or not.

Another important question is, if they would offer you money for the repairs or not and how much money would they give you for the property itself. Would it be 100% financing or partial financing?

The answers to these questions will tell you a lot about how they work and after talking to few of them and asking the same questions, you would be able to realize which one suit you best.